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economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely agree that bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now well the first thing as you've said is the bubbles or
economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines kaiser reports on. the world with. its technology innovation all the developments around russia. the future covered. groups and footage of the most part of showing syrian rebels executing loyalists what the victims pleaded for their lives and some of the images you're about to see extremely graphic one of the government is referencing an al qaeda linked group behind several terrorist attacks in syria the rebels are claiming new advances in their drive towards the capital. talked news analyst pattern heading for the last in london. although they said latest video we saw a bit of it on the screens there can't be fully verified if it is genuine how might it affect the a western backing of opposition fighters will it change anything no it won't change anything at all. in fact i believe the. leaders of our western countries particularly nato countries or encouraging it. the syrian terrorist rebels guerrillas whatever you want to call them to really acceler
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines kaiser reports on. the world with. its technology innovation all the developments around russia. the future covered. groups and footage of the most part of showing syrian rebels executing loyalists what the victims pleaded for their lives and some of the images you're about to see extremely graphic one of the government is referencing an al qaeda linked group...
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republicans have to lead it because immigration is about growing the economy. >> secretary gutierrez, we know that you started that new super pac, republicans for immigration reform. we'll see how these ideas are accepted as we move into 2014 and to 2016. thank you for speaking with us this morning. >> thank you very much, sir. much more on our focus ahead. what about the women. the gop misses the mark with candidates, and we'll check in with that in the 10:00 hour. >>> israel wants to build more settlements in disputed territory. >>> hello. >> plus, how this little robot is making big strides in helping children with learning disabilities. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should
republicans have to lead it because immigration is about growing the economy. >> secretary gutierrez, we know that you started that new super pac, republicans for immigration reform. we'll see how these ideas are accepted as we move into 2014 and to 2016. thank you for speaking with us this morning. >> thank you very much, sir. much more on our focus ahead. what about the women. the gop misses the mark with candidates, and we'll check in with that in the 10:00 hour. >>>...
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find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to the report on our. world. series technology innovation all the developments around russia we've got the future covered. about totty now the e.u. doesn't deserve its a nobel peace price that's according to several former winners soon open letter to the foundation demanding the twenty seven nation be stripped of the award let's see sara for. in that letter they said that the twenty seven nation blocks getting this award contradicts the valley's safety ated with the pricing what they want to see happening is the one point two million dollar prize money not be awarded this year and they also said that the clearly not one of the champions of peace a consensus here amongst the signature even indeed among many many people when this award was announced this year was that really the awarding of the prize the european union not in the keeping of the spirit of the nobel peace prize the prize was awarded at a time when the e.u. is they think the biggest c
find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to the report on our. world. series technology innovation all the developments around russia we've got the future covered. about totty now the e.u. doesn't deserve its a nobel peace price that's according to several former winners soon open letter to the foundation demanding the twenty seven nation be stripped of the award let's see sara for. in that...
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ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight. carter? >> reporter: scott, the sun broke through a few hours ago, but there still is a danger of flooding and mudslides through the weekend. more than half a foot of rain fell on northern california today. 40 mile per hour gusts have already knocked out power and toppled trees in san francisco. >> thankfully this didn't hurt anybody but it could be a lot worse. >> staying dry. >> thanks to you. >> where are you staying tonight? >> tonight, down the street. >> reporter: sister libby fernandez expects to help about a thousand people at this homeless center in sacramento with dry clothes and ponchos. >> this is weird because the weather's usually good here. >>
ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight. carter? >> reporter: scott, the sun broke...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into cons a report on our. then welcome back your life from moscow with r.t. . crew some of footage has emerged apparently showing syrian rebels executing loyalists while their victims pleaded for their lives now quick warning some of the images you're about to see are graphic one of the gunmen is heard referencing an al qaeda linked group behind several terrorist attacks in the country this comes as the opposition fighters claim new advances in their drive towards the capital damascus in the meantime authorities say they have restored all internet and phone services after a two day nationwide communications blackout news analyst pat for coming said says the information blockade benefits those backing the rebel militias we have a massive problem again with syrian we've had this problem from the beginning which is the skewing of information coming out of the country the syrian observatory for human rights was responsible for a lot of the initial b
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into cons a report on our. then welcome back your life from moscow with r.t. . crew some of footage has emerged apparently showing syrian rebels executing loyalists while their victims pleaded for their lives now quick warning some of the images you're about to see are graphic one of the gunmen is heard referencing an al qaeda linked group behind several...
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certai
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders and the president need to get to work on negotiations right now before the u.s. enters unchartered waters. >> i think if there's no agreement, whatsoever, if the other side is completely that the president has probably no choice but to say, okay, we're going to go with a cliff. that would not be my first preference. >> should that happen, should we go over that so-called fiscal cliff republican congressman lee terry thinks there could be an alterier motive on the part of the president. >> many of us fear that the president's real plan here was to let us go over the cliff and blame the republicans and that's what we look like we're being set up to do. and then if you go over the cliff, then two months later, a month later, the president can come back with a bill and say, hey, we're going to now since the republicans let everyone's taxes go up, i'm going to ride in here now and be the night and shining armor and l
people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders and the president need to get to work on negotiations right now before the u.s. enters unchartered waters. >> i think if there's no agreement, whatsoever, if the other side is completely that the president has probably no choice but to say, okay, we're going to go with a cliff. that would not be my first...
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it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so w
it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he...
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you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion that we're spending. so, we're going to need a balanced approach of both revenue and spending cuts to teat there. so, that's what the president has been talking about and certainly something i can support. >> "the wall street journal" today senior administration officials say the white house not making any new offers until republicans change their opposition to raising top tax rates in this country. as a businessman, that would be directly affected by an impasse like that, as would millions of americans. how do you feel about that? >> how i feel, i'm 100% confident we'
you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at the larger context. the larger context is we have a math problem. we have $2.5 trillion that we're taking in every year on the federal government and $3.5 trillion...
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it's about what the effect will be on the economy. just to be clear -- >> it's about getting real about where we are and what's going on here. not deluding yourself about that. >> i agree. but we shouldn't get deluded about things like the impact it's going to have on december spending, too, karen. remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want to talk about, i'll begin with you tony on this. i'm sure you saw that photo making the rounds this week of house committee chairmen? what is that all about. they're all white males. speaker boehner now said he was indeed appointing a female chair congresswoman,
it's about what the effect will be on the economy. just to be clear -- >> it's about getting real about where we are and what's going on here. not deluding yourself about that. >> i agree. but we shouldn't get deluded about things like the impact it's going to have on december spending, too, karen. remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about...
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now that may affect the economy, but either way, it will affect the same people n if it affects the economy, it facts everyone. and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think exp
now that may affect the economy, but either way, it will affect the same people n if it affects the economy, it facts everyone. and those people are small businesses. those people then it goes down to the employees and it slows our economy and this is not a time to be doing that. this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick...
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minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the governm
minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that...
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what we don't want to do is go the brink on the economy now and then threaten the economy again two months later. we have to deal with both problems together in the weeks ahead for the good of the economy. >> there's a cumulative psychological effect. if we don't deal with it quickly it builds. as you pointed out it's already starting? >> i think there's a modest effect so far. i don't think it's dramatic. it's incremental. the closer you get the bigger it gets and then it gets somewhat more serious after january 1st. the other side of the coin i wish this weren't so but to get movement, particularly on the republican side or on the tax cuts for very high end people which average, this is an average tax cut of 130,000 a year for people that make over a million a year in my view we can't afford that. to get that kind of movement we might actually need to go into early january, maybe the stock market fluctuates a bit, there's great concern if it's a big story in the media now it's an even bigger story. that could occur. i remember in '95 there was an impasse and the government shut down. new
what we don't want to do is go the brink on the economy now and then threaten the economy again two months later. we have to deal with both problems together in the weeks ahead for the good of the economy. >> there's a cumulative psychological effect. if we don't deal with it quickly it builds. as you pointed out it's already starting? >> i think there's a modest effect so far. i don't think it's dramatic. it's incremental. the closer you get the bigger it gets and then it gets...
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we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >> eliot: it is unfortunately an event to drive home the reality of what you can do at a moment of distress when you need to find alternative energy sources. you've done that. i want to pivot a little bit. the occupy movement has morphed into something different. it's changed it's imagery and providing real services to real people. is that going to continueing transformation? is this a new cause for occupy. >> one would argue that they were a disaster organization when they were dealing with the wall street disaster. but this is a new form of politics and aid. we have such inequality in our society that
we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >>...
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with the french economy mired in depression unemployment figures are at their highest in a decade in this artie's. reports the financial hardship is putting pressure on usually harmonious relationships between the immigrant community and of course. it's always busy at this market on a sunday and from the looks of it you could think this is tehran obey route rather than the french capital this paris neighborhood stands just a stone's throw away from the famous eiffel tower but hardly anyone imagined just twenty years ago that the native french population would be finding itself in a rapidly decreasing minority here this man moved from pakistan in search of a better life but this has not been a smooth ride i don't have a proper work i don't work here. because they don't speak french. many went in france and french people don't have as much work. holiday very give. and this situation is like a ticking time bomb the jobless migrant population is getting more aggressive towards the native french which they believe to be the main cause of their troubles this is described as anti white raci
with the french economy mired in depression unemployment figures are at their highest in a decade in this artie's. reports the financial hardship is putting pressure on usually harmonious relationships between the immigrant community and of course. it's always busy at this market on a sunday and from the looks of it you could think this is tehran obey route rather than the french capital this paris neighborhood stands just a stone's throw away from the famous eiffel tower but hardly anyone...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune in to kaiser report. do we speak your language i mean some of the worn out of the. programs in documentaries and spanish what matters to you breaking news a little turn a different angle this story. here. troy told pti spanish to find out more visit actuality. i welcome back you're watching r.t. you doesn't deserve its nobel peace prize that is according to several former winners who are demanding the block is stripped of the award they've written to the foundation saying the e.u. doesn't fit with the prizes values and the committee has lost its founders vision r.t. sarah firth explains in that letter they said that the twenty seven nation blocks getting this award contradicts the values safe with the pricing what they want to see happening is the one point three million dollar prize money not be awarded this year and they all say said the clearly not one of the champions of peace a consensus here among the think if ind
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines tune in to kaiser report. do we speak your language i mean some of the worn out of the. programs in documentaries and spanish what matters to you breaking news a little turn a different angle this story. here. troy told pti spanish to find out more visit actuality. i welcome back you're watching r.t. you doesn't deserve its nobel peace prize that is according to several former...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into a report on our. ally welcome back now to you doesn't deserve its nobel peace prize that is according to several former winners who are demanding the block is stripped of the award they have written to the foundation saying the e.u. doesn't fit with the prizes values and the committee has lost its found. r.t. sarah first explain. in that letter they said that the twenty seven nation blocks getting this award contradicts the valley's safety ated with the pricing was a once already happening is one point seeing million dollar prize money not be awarded this year and they also said that the clearly not one of the champions of peace a consensus here amongst the signatures and indeed among many many people when this award was announced this year was that really the awarding of the prize the european union not in the keeping of the spirit of the nobel peace prize the prize was awarded at a time when the e.u. is they think the biggest crisis it's f
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into a report on our. ally welcome back now to you doesn't deserve its nobel peace prize that is according to several former winners who are demanding the block is stripped of the award they have written to the foundation saying the e.u. doesn't fit with the prizes values and the committee has lost its found. r.t. sarah first explain. in that letter they...
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that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>> but first, brain teaser for all you political junkies. when was the first presidential election republican party won without a nixon or bush on the ticket? give it some thought. we'll have the answer for you on the other side. ter's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to
that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>>...
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the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. you've watched me over the last three weeks. i have been guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> all right, so common ground. the white house is focused on having high earners, the rich, pay higher taxes and get fewing deductions. if that happens, the middle class comes out ahead. so why is there so much push-back by the republicans? >> the proposal t
the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a...
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to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. ♪ >> welcome back. got a developing story to talk to you about out of syria right now he where the country's internet service is reportedly back on following a two day nationwide blackout as syrian rebels make a strategic push for, control of an area leading to damascus international airport. and c
to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over,...
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. >>> in a tough economy, it is easy to rely on credit cards. we all do it. but that reliance can cause problems. we'll tell you how you can climb out of debt and, yes, cut up the cards. but first, you can now bring more items through airport security. it might be worth it. we have details on this "on the go." >> the tsa is anouzing new guidelines on what can you bring on the plane this holiday season. small snow globes and even cakes and pies can now go through security. >> there are certain things the tsa won't allow you to bring on the plane. for instance, toys that look like weapons. certain types of food. any foods that are liquid or semiliquid. it's guy idea to go to tsa.gov and look at what can and cannot be allowed. >> can you take wrapped gifts. >> the tsa officials might unwrap the gifts during security inspection. the gifts are less likely to get unwrapped if they're in the checked luggage. >> if gifts make your suitcase too heavy, it may be cheaper to ship them instead of paying the additional fees. >> a good way to avoid the cost and hassels of e
. >>> in a tough economy, it is easy to rely on credit cards. we all do it. but that reliance can cause problems. we'll tell you how you can climb out of debt and, yes, cut up the cards. but first, you can now bring more items through airport security. it might be worth it. we have details on this "on the go." >> the tsa is anouzing new guidelines on what can you bring on the plane this holiday season. small snow globes and even cakes and pies can now go through...
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Dec 1, 2012
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. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in the past, he drew a hard line, including $1.6 trillion in revenues, $600 billion in additional spending cuts, about half in medicare, and at least $50 billion infrastructure spending. >> we don't want to increase tax rates, we're not going to increase tax rates. and we want to do something about the spending problem. >> reporter: aides say senate minority leader mcconnell laughed after tim geithner showed him the offer thursday. today, confl republican goals remain the same, they say, serious entitlement reform, including higher premiums for the wealthy, and increases in the eligibility wage, with the clock ticking, both sides are working. >> all of us will have to get out of our comfort zones to make it happen. >> reporter: now also a part of the president's plan ending congressional oversight of the debt limit, one aide says it is a pipe dream
. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in the past, he drew a hard line, including $1.6 trillion in revenues, $600 billion in additional spending cuts, about half in medicare, and at least $50 billion infrastructure spending. >> we don't want to increase tax rates, we're not...
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Dec 1, 2012
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it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the american people that he would seek a balanced approach to addressing the debt, a combination of new revenues and spending cuts. so the day after the election, i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reform. now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code t
it's only going to make it harder for our economy to grow and if our economy doesn't grow, americans don't get new jobs and the debt problem that we have will continue to threaten our children's future. as i said the day after the election, republicans are not seeking to impose our will on the president. we're seeking a biparty an solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign, the president pledged to the...